Invesco S&P SmallCap 600 Revenue ETF (NYSEARCA:RWJ) Hits New 52-Week High – Should You Buy?

Invesco S&P SmallCap 600 Revenue ETF (NYSEARCA:RWJ)’s share price hit a new 52-week high on Wednesday . The stock traded as high as $46.48 and last traded at $46.33, with a volume of 23067 shares. The stock had previously closed at $45.58.

Invesco S&P SmallCap 600 Revenue ETF Stock Performance

The company has a market cap of $1.67 billion, a P/E ratio of 3.65 and a beta of 1.25. The firm’s fifty day moving average is $44.40 and its two-hundred day moving average is $42.33.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. KMG Fiduciary Partners LLC bought a new position in shares of Invesco S&P SmallCap 600 Revenue ETF during the 3rd quarter valued at about $927,000. Fusion Family Wealth LLC boosted its holdings in shares of Invesco S&P SmallCap 600 Revenue ETF by 5.0% during the 3rd quarter. Fusion Family Wealth LLC now owns 1,330,696 shares of the company’s stock valued at $60,826,000 after purchasing an additional 63,324 shares during the last quarter. CHB Investment Group LLC bought a new position in shares of Invesco S&P SmallCap 600 Revenue ETF during the 3rd quarter valued at about $394,000. Global Retirement Partners LLC boosted its holdings in shares of Invesco S&P SmallCap 600 Revenue ETF by 27.1% during the 3rd quarter. Global Retirement Partners LLC now owns 17,316 shares of the company’s stock valued at $792,000 after purchasing an additional 3,688 shares during the last quarter. Finally, Nottingham Advisors Inc. bought a new position in shares of Invesco S&P SmallCap 600 Revenue ETF during the 3rd quarter valued at about $1,242,000.

About Invesco S&P SmallCap 600 Revenue ETF

The Invesco S&P SmallCap 600 Revenue ETF (RWJ) is an exchange-traded fund that is based on the S&P SmallCap 600 Revenue-Weighted index. The fund tracks an index of S&P SmallCap 600 Index stocks that are weighted by revenue. RWJ was launched on Feb 22, 2008 and is managed by Invesco.